Tag Archives: convertible debt

What To Do If You Can’t Clear Your MicroCap Stock From A Convertible Note

In a recent guest post, Mark R. Basile, Esq. shared a post titled “Let’s Make A Deal! – A Message to Convertible Note Holders And MicroCap CEOs.” In the post, Basile discussed how it is becoming increasingly difficult to clear stock in microcap companies, especially if that stock was part of a note conversion. So, what can you do if

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Court Enters $1 million Judgment Against Microcap Cannabis Company Executive

The Securities and Exchange Commission announced that on April 30, the U.S. District Court for the District of Massachusetts entered a default judgment in an ongoing enforcement action against Christopher R. Esposito, the owner and Managing Director of Lionshare Ventures, LLC (Lionshare), in a case involving an alleged scheme to defraud investors by misappropriating investor funds and concealing the ownership

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Let’s Make A Deal! – A Message to Convertible Note Holders And MicroCap CEOs [Guest Post]

Guest Post By Mark R. Basile, Esq. Turns out that Friday the 13th is also unlucky for toxic convertible note-holders! I have been warning the toxic convertible note industry that there was going to be a reckoning with regard to how they lend money to microcap OTC Markets companies, and now, it seems that the chickens are coming home to roost.

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SEC Charges Florida Firm With Acting As Unregistered Dealer In Sale of 7.4 Billion MicroCap Shares

Yesterday, the SEC charged a Florida-based individual and his company with acting as unregistered dealers in the sale of billions of shares of numerous penny stock issuers. The SEC’s complaint, filed in federal district court in south Florida, alleges that, beginning in January 2013, Ibrahim Almagarby and his company, Microcap Equity Group LLC (MEG), engaged in a business that purchased aged

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